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RealNetworks expects 2nd-qtr revenue above analysts' views



08 May 2008 @ 05:39 pm EST

SEATTLE (AP) - RealNetworks Inc. on Thursday predicted second-quarter revenue slightly above analysts views and raised its outlook for the full year.

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RNWK 7.49 -0.02

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Shares of RealNetworks, which operates the Rhapsody online music service and provides the RealPlayer media player, rose 62 cents, or 9.6 percent, to $7.10 in after-hours trading. The stock earlier finished regular trading up 10 cents at $6.48.

For the second quarter, RealNetworks expects revenue of $151 million to $155 million.

Analysts polled by Thomson Financial expect revenue of $150.3 million.

RealNetworks expects per-share results to range from breakeven to a loss of 4 cents. Analysts expect a loss of 2 cents per share.

For the full year, RealNetworks said it now expects per-results to range from breakeven to a loss of 5 cents per share. Previously the company predicted a loss of 4 cents to 9 cents per share.

The company also increased its 2008 revenue outlook to a range of $628 million to $648 million, from an earlier forecast for $612 million to $632 million.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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